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Feb 7, 2013
02/13
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in the right direction, but with regard to the decision today, i think if you've been listening to angela merkel to david cameron himself and francois hollande this week, the indication is that perhaps we shouldn't be as optimistic as jean-claude juncker would have us believe, but someone has to fly the flag for europe and we like our posturing in europe. overall, what rewe looking at? germany, the uk, the nordic european countries are fighting for cuts, real term cuts in this whereas italy and france would rather have it held steady. even within that, the battle lines aren't clear. the uk and sweden in particular, trying to protect their all important rebates. we've got italy saying that their contribution overall is too great and, of course, as i just mentioned, france very concerned about the agricultural spending that contributes around 40% of the entire eu budget. so as usual, we get a of comments and a lot of the european leaders come to this working out, just how they can negotiate and is walk away, flying their individual flag and saying, hey, i came out with what i asked. but, yo
in the right direction, but with regard to the decision today, i think if you've been listening to angela merkel to david cameron himself and francois hollande this week, the indication is that perhaps we shouldn't be as optimistic as jean-claude juncker would have us believe, but someone has to fly the flag for europe and we like our posturing in europe. overall, what rewe looking at? germany, the uk, the nordic european countries are fighting for cuts, real term cuts in this whereas italy and...
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Feb 5, 2013
02/13
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CNBC
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leaders from the party received illegal payments between '97 and 2008 and he received the support from angela merkel say that the spanish government, she had confidence in the spanish government to tackle economic crisis by implementing more economic reforms. that being said, she didn't say more especially on the corruption case as was reported a few days ago. there is a reaction, there was a strong reaction in the bond market. today is a bit more quiet. but for sure, mariano rajoy lost the opposition not only in spain, but also at the european level. it's going to be more difficult for him to perhaps negotiate more time to reduce the spanish deficit and perhaps more difficult for him to ask for insensitive measures to stimulate the economy at the european level. there's a trend on twitter tweeting for the -- the contractions for rajoy reject and that's on the right very well the situation here in spain. since the case, the corruption case was reported by the newspaper a few days ago. rajoy lost six points in the opinion polls in approval ratings. he is now amid 24%. that being said, the lead
leaders from the party received illegal payments between '97 and 2008 and he received the support from angela merkel say that the spanish government, she had confidence in the spanish government to tackle economic crisis by implementing more economic reforms. that being said, she didn't say more especially on the corruption case as was reported a few days ago. there is a reaction, there was a strong reaction in the bond market. today is a bit more quiet. but for sure, mariano rajoy lost the...
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Feb 4, 2013
02/13
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but that's nothing angela merkel can influence. i'm sure it's going to be a topic of discussion saying, look, is this going to be a government crisis? can you avert this? that is nothing we will hear about. the official communique will sound similar to what we heard out of paris, out of the monte meeting. don't expect a result on this budget summit yet on the table and on we go to the next rendezvous in terms of the budgets. we've got another eu summit in march, which is not -- which is not ear marked, of course, as a budget meeting, but i daresay we will trickle along nicely or unnicely until finally they reach an agreement on the next budget. in terms of the eurozone debt crisis, of course, that's the other point of discussion. at the moment, there's a little bit of cautious shoulder padd g padding, but it will be a bit more cautious because of the aforementioned festering crisis in spain. obviously, what we've seen at the moment is we live on the principal hope that the eurozone might grow itself or stabilize itself out of the c
but that's nothing angela merkel can influence. i'm sure it's going to be a topic of discussion saying, look, is this going to be a government crisis? can you avert this? that is nothing we will hear about. the official communique will sound similar to what we heard out of paris, out of the monte meeting. don't expect a result on this budget summit yet on the table and on we go to the next rendezvous in terms of the budgets. we've got another eu summit in march, which is not -- which is not ear...
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Feb 14, 2013
02/13
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ones are repayments, repayments scheduled, the election in germany and we all know, i believe that angela merkel will be re-elected, but those are the sort of big things that i'm looking at to see how the markets will react. >> let me switch gears to ask you your take on the banking sector. i know you're on the board of barclays so i'm not asking to give away any secrets here, but there's a real movement across the world to split up some of these banks. how do you think this is going to go? are you expecting a global standard when it comes to the financial services sector? what's your take on how the major banks change the course of business in the coming years? >> well, maria, i'm sure you're aware that, obviously, i have restrictions about what i can say, but i think that the story in general since 2009 has been one of global standards. i know christ ianella guard has spoken about this going back to the g-20. a lot of discussion about coming together. there's a lot of conversations going on in the background that are aiming to have some convergence around these issues. remember, these e
ones are repayments, repayments scheduled, the election in germany and we all know, i believe that angela merkel will be re-elected, but those are the sort of big things that i'm looking at to see how the markets will react. >> let me switch gears to ask you your take on the banking sector. i know you're on the board of barclays so i'm not asking to give away any secrets here, but there's a real movement across the world to split up some of these banks. how do you think this is going to...
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Feb 18, 2013
02/13
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angela, what about rand paul? he's got a ready-made constituency lined up for 2016 on the basis of his father. and, you know, what do you think of him? doesn't he have the best rationale for running? >> i don't know if he does or if he doesn't. here is what i do know. i know rand paul has become the poster boy for tea party politics and tea party politics are going away quickly. forget 2016. for 2014 the republicans have a party, if they don't undergo go a serious reformation like the church had to do, they have a major not only messaging problem, not only a branding problem but a policy problem. most of the country doesn't see high to eye with the rest of these potential candidates. >> jonathan, what do you think of rand paul's possibilities? >> i don't. i agree with angela. you know, overall -- >> this is very disappointing. you have knocked every single one of them down. i put them all up. they can hardly complain we give them air time and you just eviscerate each one of them. one is corrupt, the other was hope
angela, what about rand paul? he's got a ready-made constituency lined up for 2016 on the basis of his father. and, you know, what do you think of him? doesn't he have the best rationale for running? >> i don't know if he does or if he doesn't. here is what i do know. i know rand paul has become the poster boy for tea party politics and tea party politics are going away quickly. forget 2016. for 2014 the republicans have a party, if they don't undergo go a serious reformation like the...
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Feb 8, 2013
02/13
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. >> angela, when you're doing the state of the union and you know you worked the hill, you're not only talking to the people there, you're talking to millions of americans. don't americans want to hear about jobs? >> i think you're absolutely right, rev. they want to hear the president lay out a blueprint. the state of the union is an opportunity for president obama to talk about not only his legacy goals, but what direction america needs to take. when we look at the last congress and the fact that it was the least productive congress in american history, a lot of people say look, we've got jobs, we've got immigration reform, we've got gun control and we need you all to get on the same page with the rest of the country. >> e.j., at the democratic retreat, former president bill clinton, he said the politics americans want are in line with this president's agenda. watch this. >> i think the last election was an election where america chose an inclusive. now that you've won this race in large measure on what the american people did not want, we had to create a future that they do want. >>
. >> angela, when you're doing the state of the union and you know you worked the hill, you're not only talking to the people there, you're talking to millions of americans. don't americans want to hear about jobs? >> i think you're absolutely right, rev. they want to hear the president lay out a blueprint. the state of the union is an opportunity for president obama to talk about not only his legacy goals, but what direction america needs to take. when we look at the last congress...
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Feb 16, 2013
02/13
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and this from angela. we were on 280 heading north when we saw a bright, falling star as my kids call it. if you snap a picture or video we would love to see it. send it to you report at kgo-tv.com. >>> it is unlikely that a meteor will hit your home. if it does, are you covered by insurance? michael finney got some answers. >> that is one of the things that is definitely covered under the homeowner insurance policy. most people don't realize it is because it doesn't happen often, but if it does, it is something that is covered. >> you hope it doesn't. an insurance industry spokesman says damage from the meteor concussion like what we saw in russia would be covered. other events covered under the homeowners insurance include volcanos, lightning strikes and falling satellites. >>> after eight days aboard the triumph two women are home. julie spring gel and her mother -- julie spring gel -- pr nie gle and her mother connie lewis flew in. i can only imagine how happy those women are to be back. serming yow? >
and this from angela. we were on 280 heading north when we saw a bright, falling star as my kids call it. if you snap a picture or video we would love to see it. send it to you report at kgo-tv.com. >>> it is unlikely that a meteor will hit your home. if it does, are you covered by insurance? michael finney got some answers. >> that is one of the things that is definitely covered under the homeowner insurance policy. most people don't realize it is because it doesn't happen...
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Feb 18, 2013
02/13
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angela, i want to start with you. we have the timeline here and if we look at it, the president was scheduled to go to las vegas on january 29th and give his first policy speech of the second administration but we see that on the 28th the bipartisan group of senators, they came out with their plan trying to trump the president to seem ahead of him. is this a way in the chess match with the leaked reform bill getting out there a way for the president to get the ball back. >> i think if we stay a step back and think about what was in the leaked draft proposal, it is not that being showing. anyone listening to the state of the union address or anything else this administration has said about immigration, it is not a rouge surprise. we should be real about where we are and when you look at the senators bart of the bipartisan coalition, you think that mark on you rubio part of that would have been more delicate with his words. this isn't about a plan that should be dead on arrival. it is a draft bill. i said this yesterday
angela, i want to start with you. we have the timeline here and if we look at it, the president was scheduled to go to las vegas on january 29th and give his first policy speech of the second administration but we see that on the 28th the bipartisan group of senators, they came out with their plan trying to trump the president to seem ahead of him. is this a way in the chess match with the leaked reform bill getting out there a way for the president to get the ball back. >> i think if we...
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Feb 21, 2013
02/13
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bersani with the agreement with angela merkel. i don't think mario monti has hidden the fact that he's concerned about the influence, particularly the power of the union on the democratic party. if we look on the german side, the foreign minister said what they want ultimately is a party that's going to continue with the reforms, that's going to continue with the fiscal consolidation. i'm not sure there's anything new here. perhaps an argument, too, where angela merkel is concerned, the power she would least like to see in power is the -- in a few months time. we've talked a lot about politics. i want to get a sense of, too, the voice of the business in terms of what they need to see after this election. and i spoke to the ceo of the largest retail bank here in san paolo and we talked about this idea of reforms and a mandate for change. germany arguably had schroeder. i asked whether perhaps the most influential and important italian doesn't actually sit in this cup, but he sits at the head of the ecb. listen to what was said. >>
bersani with the agreement with angela merkel. i don't think mario monti has hidden the fact that he's concerned about the influence, particularly the power of the union on the democratic party. if we look on the german side, the foreign minister said what they want ultimately is a party that's going to continue with the reforms, that's going to continue with the fiscal consolidation. i'm not sure there's anything new here. perhaps an argument, too, where angela merkel is concerned, the power...
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Feb 19, 2013
02/13
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we talk to ceo angela aarons. we'll hear from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s suggest mario monti may, in fact b with be something of a spoiler. >> and the election largely coming down to five key candidates. the front-runner is bersani. he's the leader of the center left pd party, calling for growth measures alongside monte's plan. sylvia berlusconi is threatening to make a political comeback despite corruption scandals. we've mentioned the comedian beppe grillo. at the same time, the former caretaker mario monti, he's been struggling to gain ground in his first ever political campaign. and then last, not necessarily lea
we talk to ceo angela aarons. we'll hear from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s...
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Feb 19, 2013
02/13
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CSPAN2
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time and was trying to make sense of certain aspects, and he came out and said this is a must read for angela merkel, nicolas sarkozy and dave cameron. now, in my way of thinking he left out some southern european countries that might also have gotten something out of it. but it's easy to see why, you know, after you get a read of it, you know, why so many people need to know what bill knows and how he knew it and what he did with it. in terms of doing it. now, everybody knows that bill spent 53 years at citigroup. now, i've heard over 50, bill, i've heard 55 today, and so we're going to go with over 50. that's a considerable amount of time. and when you think about that time frame and going back, he was a devout disciple of our late and great chairman of, walter riston. walter, again, when you talk about bill and walter, you talk about icons in this field. now, every single treasury secretary would come to see walter riston. and there were problems in argentina, there were problems in your bay, there was problems in peru, there was problems in brazil, there was problems in mexico, there was
time and was trying to make sense of certain aspects, and he came out and said this is a must read for angela merkel, nicolas sarkozy and dave cameron. now, in my way of thinking he left out some southern european countries that might also have gotten something out of it. but it's easy to see why, you know, after you get a read of it, you know, why so many people need to know what bill knows and how he knew it and what he did with it. in terms of doing it. now, everybody knows that bill spent...
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Feb 20, 2013
02/13
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as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal making. >> cracks in the housing picture this morning, january starts to decline 8 1/2%. toll brother earnings sharply miss earnings. >> could demand for the iphone be cooling? fox con pressuring shares this morning. >>> the rally continuing with the dow and s&p having their best day in two weeks. nasdaq closing at 12-year highs. dow less than 130 points from closing at an all-time high. guys, a lot of discussion about how it's a nominal high. but getting back to 14164 would be news. in some form or fashion, jim. >> i think that there is a level of, dare i say, excitement. in other words, we're seeing lev
as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal...
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Feb 8, 2013
02/13
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president: angela, eisenhower, brant, schmidt, cole, all of these men had a vision of europe. help me to achieve our vision of europe. you've said that you would recreate the french vision when you were elected, and now in the council you can help breathe life back into the european vision. thank you. [applause] [speaking in native tongue] >> translator: thank you very much, indeed. now on behalf of the united liberals and -- [inaudible] displt thank you, president. mr. swoboda's already done it, but let me say again, let me thank you -- congratulate the liberal in you, if you don't mind. i don't want to create problems that your socialist friends, but your struggle in favor of marriage for all is a step forward, it's a new freedom, and it's at the heart of the battle that we're trying to fight in our group. thank you very much. [applause] [speaking in native tongue] >> translator: sixty years ago, jean manet said we're bringing together men, we're not bringing together states. and, in fact, still true, mr. president. our union only has a meaning if it becomes a federation of
president: angela, eisenhower, brant, schmidt, cole, all of these men had a vision of europe. help me to achieve our vision of europe. you've said that you would recreate the french vision when you were elected, and now in the council you can help breathe life back into the european vision. thank you. [applause] [speaking in native tongue] >> translator: thank you very much, indeed. now on behalf of the united liberals and -- [inaudible] displt thank you, president. mr. swoboda's already...
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Feb 28, 2013
02/13
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CNBC
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meeting was no longer possible and what's interesting is napolitano is supposed to be meeting with angela merkel for lunch today, i believe. >> no clowning around at that lunch. >> well done. i wish i were a fly on the wall for that one. >> it does make things extremely awkward ahead of that meeting. >> there's nothing quite like, you know, all the stereotypes that people talk about. there's nothing quite like when somebody comes out and proves stereo typical -- >> confirms that sense, contactually. >> mario draghi indicated his intention to keep the euro going, saying we are far from having an exit in mind. >> at this point in time, economic policy remains cognitive because we are far from being in a situation where we can actually start having an exit in mind. we see that inflationary expectations are very well anchored. if anything, inflation is going down. and we foresee for next year a significantly an inflation which is significantly lower than 2%. >> if we're going to see inflation significantly below 2%, it's being suggested there's room for them to do more, isn't he? >> possibly.
meeting was no longer possible and what's interesting is napolitano is supposed to be meeting with angela merkel for lunch today, i believe. >> no clowning around at that lunch. >> well done. i wish i were a fly on the wall for that one. >> it does make things extremely awkward ahead of that meeting. >> there's nothing quite like, you know, all the stereotypes that people talk about. there's nothing quite like when somebody comes out and proves stereo typical -- >>...
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124
Feb 11, 2013
02/13
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CNBC
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the prime minister here in italy said he was shaken by the news, while the chancellor angela merkel said she respects his decision. and david cameron sending his wishes. it comes in a meeting this morning, he announced this decision to leave the papacy at the 28th of february at 8:00 at night. it was a decision made without consulting anyone. there was a lot of surprise. and also, the spokesman, when he made a speech -- or when he had a press conference just a few hours later, he said, you know, we need some time, we need some days to try to better understand how to move forward. just to better understand what's going to happen afterwards, is that there will be a conclave of 118 cardinals that will be electing the new pope. so clearly what happens between now and then, really, is that the pope will continue doing what he has done so far. his decision was unexpected. and the way he announced it was very, very simple. he said he doesn't feel he has the strength, mental and physical and spiritual, to move forward in this position. he needs the physical strength that he does not have. he has
the prime minister here in italy said he was shaken by the news, while the chancellor angela merkel said she respects his decision. and david cameron sending his wishes. it comes in a meeting this morning, he announced this decision to leave the papacy at the 28th of february at 8:00 at night. it was a decision made without consulting anyone. there was a lot of surprise. and also, the spokesman, when he made a speech -- or when he had a press conference just a few hours later, he said, you...